The Securities and Exchange Board of India (SEBI) on April 25, 2022 has issued Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2022 to further amend The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This has come into force on April 25, 2022.
The following has been amended namely: -
• Regulation 40 which specify “Transfer or Transmission or Transposition of Securities” sub-regulation (7) has been substituted namely: -
“The listed entity shall comply with all procedural requirements as specified in Schedule VII with respect to transfer and transmission of securities.”
• Schedule VII has been substituted namely: -
“Transfer and Transmission of Securities”
• Schedule VII Clause C has been substituted namely: -
“Documentation requirements in case of transmission of securities.
(1) In case of transmission of securities, where the securities are held in single name with nomination, the following documents shall be submitted:
(a) Duly signed transmission request form by the nominee
(b) Original death certificate or copy of death certificate attested by the nominee subject to verification with the original or copy of death certificate duly attested by a notary public or by a Gazetted Officer
(c) Self-attested copy of the Permanent Account Number card of the nominee, issued by the Income Tax Department.
[Notification No. SEBI/LAD-NRO/GN/2022/80]
